TSS (NASDAQ:TSSI) Upgraded by Zacks Research to Hold Rating

TSS (NASDAQ:TSSI) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TSS in a research report on Monday, December 29th. Loop Capital set a $15.00 price target on shares of TSS in a report on Monday, December 1st. Finally, Wall Street Zen downgraded shares of TSS from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.75.

TSS Stock Up 1.4%

Shares of TSSI stock opened at $8.05 on Tuesday. The stock’s fifty day moving average price is $8.83 and its 200 day moving average price is $13.21. TSS has a 1-year low of $5.63 and a 1-year high of $31.94. The company has a market cap of $232.16 million, a price-to-earnings ratio of 40.25 and a beta of 2.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.52 and a quick ratio of 1.35.

Insider Buying and Selling at TSS

In other TSS news, Director Peter H. Woodward sold 21,700 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $8.30, for a total value of $180,110.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.94% of the stock is owned by insiders.

Institutional Trading of TSS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in TSS in the fourth quarter valued at approximately $40,000. NewEdge Advisors LLC lifted its stake in shares of TSS by 536.7% in the 1st quarter. NewEdge Advisors LLC now owns 141,686 shares of the company’s stock valued at $1,112,000 after purchasing an additional 119,432 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of TSS by 40.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 60,540 shares of the company’s stock valued at $475,000 after purchasing an additional 17,310 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in TSS by 1,265.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 5,187 shares of the company’s stock worth $150,000 after buying an additional 4,807 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in TSS during the second quarter valued at $202,000.

About TSS

TSS, Inc offers planning, design, engineering, construction management, commissioning and maintenance services. It provides these services primarily for specialized facilities such as data centers, communications rooms, call centers, laboratories, trading floors, network operations centers, medical facilities and similar environments. TSS Inc, formerly known as Fortress International Group, Inc, is based in Columbia, United States.